Mortgage

Mortgage lenders have been quietly and arguably making it more challenging for the average landlord, as they continue to impose tougher checks and criterion on buy-to-let mortgages. Leading to the question, is property investment becoming a rich person’s game? Barclays Bank have followed the lead of building society and second-largest lender in the UK, Nationwide and tightened their mortgage lending criteria, meaning that the minimal rental cover which is now required has increased from 135%…

By 2025 one fifth of the West Midlands could be renting from private landlords, according to the analysis by financial services firm PWC. Previous research suggests that in the year2000 only 7% of people were renting from private landlords and 70% owned their own home in the region, but continuing trends and patterns for home ownership suggests that in less than a decade, home ownership will drop by 8% and renting rise by 12% to…

Victoria Mutual is in its 137th year and yet its vision to give financially excluded Jamaicans, opportunities for savings and home acquisition is still the same. Today they provide a range of financial services which include savings, mortgages, wealth management, money transfer, real estate and general insurance. VM Overseas (UK) Limited is the official representative office of Victoria Mutual in the United Kingdom. Headed by Leighton Smith, Chief Representative Officer UK, it shares the main…

This week’s show is all about property. Bally Chand of Mayhay Financial Services is in the studio to give us some insight into the current property markets, and talk us through the best ways to secure a mortgage in 2015 and beyond. Learn about the do’s and don’ts of renting commercial property in Business Insight, and if you are looking to make a little bit of extra money, find out how you can do that…

Is it the right time to purchase a property? Where should I go to get the best mortgage? These all questions that our guest Bally Chand, Director of Mayhay Financial Services gives us answers to and her perspective on. She tells us her thoughts on the current property market, important things to consider if you want to secure a mortgage or purchase a property, either as a first time buyer, to move up the ladder…